The market price index of ethylene glycol was 4470.20, down 24.78 from the previous working day.
On June 18th, China's PTA market price index was 5905, down 5% from the previous working day.
On June 18, the market price index of polyester chips was 6950, unchanged from the previous working day, while the market price index of polyester bottle chips was up 25% over the previous working day.
II. Summary of market price of polyester industry chain
Product | Specifications | Market | 2024.6.18 | 2024.6.17 | Rise and fall | Remarks |
PTA | Spot | East China | 5905 | 5910 | -5 | Self-withdrawing tax, yuan / ton |
Product | Specifications | Market | 2024.6.18 | 2024.6.17 | Rise and fall | Remarks |
Glycol | Polyester grade | East China | 4435 | 4460 | -25 | Self-withdrawing tax, yuan / ton |
Polyester grade | South China | 4490 | 4530 | -40 | Short delivery including tax, yuan / ton | |
Product | Specifications | Market | 2024.6.18 | 2024.6.17 | Rise and fall | Remarks |
Polyester chip | Semi-light section | East China | 6950 | 6950 | 0 | Factory includes tax, yuan / ton |
Light slicing | 6975 | 6975 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.6.18 | 2024.6.17 | Rise and fall | Remarks |
Polyester bottle chip | Aquarius level (IV.=0.8) | East China | 6975 | 6950 | +25 | Factory includes tax, yuan / ton |
Oil bottle grade | 6975 | 6950 | +25 | Factory includes tax, yuan / ton | ||
Hot pot grade | 6975 | 6950 | +25 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7075 | 7050 | +25 | Factory includes tax, yuan / ton | ||
Aquarius level (IV.=0.8) | South China | 6975 | 6950 | +25 | Factory includes tax, yuan / ton | |
Oil bottle grade | 6975 | 6950 | +25 | Factory includes tax, yuan / ton | ||
Hot pot grade | 6975 | 6950 | +25 | Factory includes tax, yuan / ton | ||
Carbonic acid grade | 7075 | 7050 | +25 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.6.18 | 2024.6.17 | Rise and fall | Remarks |
Polyester filament | Jiangsu and Zhejiang market POY150D/48F | East China | 7875 | 7875 | 0 | Factory includes tax, yuan / ton |
Jiangsu and Zhejiang market FDY150D/96F | 8325 | 8325 | 0 | Factory includes tax, yuan / ton | ||
Jiangsu and Zhejiang market DTY150D/48F | 9325 | 9325 | 0 | Factory includes tax, yuan / ton | ||
Jiangsu and Zhejiang market POY75D/72F | 8050 | 8050 | 0 | Factory includes tax, yuan / ton | ||
Product | Specifications | Market | 2024.6.18 | 2024.6.17 | Rise and fall | Remarks |
Polyester staple yarn | Semi-glossy white 1.56: 38 | Jiangsu Province | 7475 | 7450 | +25 | Factory includes tax, yuan / ton |
Semi-glossy white 1.56: 38 | Zhejiang | 7475 | 7475 | 0 | Factory includes tax, yuan / ton |
PTA
Today, East China PTA spot market is arranged in a narrow range, with a reference of 5905 yuan / ton. This week and next week, the main port and warehouse receipt delivery 09 contract Shengshui 5-20 near the transaction and negotiations, the spot basis is stable. The rise of the international crude oil market forms a certain support to the market, and the PTA futures market fluctuates slightly. The rigid demand of traders and polyester factories follow up, and the market trading atmosphere is general. It is expected that the short-term PTA market will maintain a narrow adjustment.
Glycol
Today, the market price of ethylene glycol is weak. The market supply and demand side is weak, suppresses the market mentality, the ethylene glycol market negotiation center of gravity drops slightly, the East China quotation revolves around 4435 yuan / ton, falls 25 yuan / ton compared with the previous working day. The quotation in South China is around 4490 yuan / ton. Ethylene glycol port inventory is slightly removed, which is generally supportive to the market. The downstream polyester load remains high and the market rigid demand is stable. Lack of continuous drive in the market, the short-term ethylene glycol market is expected to fluctuate within a narrow range.
Polyester chip
Today's polyester chip market is narrowly arranged. High-end cost support, polyester chip manufacturers continue to price shipments, manufacturers offer stable, market negotiations focus on a small adjustment. Downstream rigid demand followed up, some production and sales improved. It is expected that the polyester chip market will maintain the finishing operation in the short term.
Polyester bottle chip
Today's polyester bottle chip market is arranged in a narrow range. Polyester raw material market is high, cost end-to-market support is stable, mainstream bottle chip manufacturers offer stable, market low-end negotiations slightly reduced; downstream cautious wait-and-see, light market trading. It is expected that the short-term lactone bottle chip market may maintain finishing.
Polyester filament
Today's polyester filament market deadlock finishing. The high level of the polyester raw material market supports the market, the mainstream manufacturers of polyester continue to ship at a stable price, and the center of gravity of the market negotiations is adjusted slightly. Downstream demand remains weak, and the market production and marketing are general. It is expected that the market price of filament will tend to be sorted out in the short term.
Polyester staple fiber
Today's polyester staple market narrow finishing. The high cost end forms the support to the market, under the short fiber market tight support, the negotiation center of gravity rises slightly. Downstream demand follow-up is not good, market production and marketing is weak. It is expected that the short-term market price of polyester staple fiber will be maintained.
IV. Polyester Raw material Futures Market
PTA:6 18 PTA main 2409 contract opening price: 5864, lowest price: 5864, highest price: 5930, closing price: 5880, settlement price: 5898, down 22, position: 775640.
Ethylene glycol: June 18 EG main contract 2409 opening price: 4470, lowest price: 4458, highest price: 4488, closing price: 4461, settlement price: 4470, down 30, position: 330807.
V. production and marketing data of polyester market
Product | 2024.6.18 | 2024.6.17 | Rise and fall | Unit |
Polyester chip | 105% | 50% | +55% | % |
Polyester filament | 50% | 40% | +10% | % |
Polyester staple fiber | 50% | 40% | +10% | % |
VI. Future forecast
The international crude oil market is high and strong, the cost end is high support, polyester raw material PTA and ethylene glycol market supply and demand side drive, it is expected that the short-term market will be narrow shock, polyester raw material end support, polyester market offer will be mainly adjusted slightly with the cost, downstream rigid demand follow-up, market production and sales in general. Short-term polyester market prices are expected to fluctuate within a narrow range. In the later stage, we should pay close attention to the changes of the raw material market and the supply and demand of polyester itself.